Canada’s Economy Closes the Year on a High Note
The Canadian economy expanded by 6.7% q/q annualized in the final quarter of 2021, leaving real GDP for 2021 at a robust 4.6%. A big driver of growth was the accumulation of business inventories (easing of supply chains), which grew...
Oil Back Above $100 as Russia/Ukraine Tensions Heat Up
Rumors of a large convoy of military trucks and armored vehicles heading toward the capital of Kyiv are driving oil prices higher. WTI Crude Oil traded as high as 101.50 today thus far as Russia continues to be on the...
WTI Futures Shows Improvement Near 99.00
WTI crude oil futures are posting notable gains around the 99.00 mark, remaining well above the short-term simple moving averages (SMAs) and the uptrend line. The MACD continues to strengthen to the upside and above its red signal line while...
AUDUSD Rally Eyes Longer-Term Descending Trend Lines
AUDUSD is testing the 0.7283-0.7293 resistance barrier after extending yesterday’s intense rally, which filled a recorded gap in the pair and reinstated the one-month bullish mood that began from the 18½-month low of 0.6967. The rising 50- and 100-period simple...
BOC Preview: Will the Bank of Canada be the Next Central Bank to Liftoff?
The Bank of Canada (BOC) meets on Wednesday this week and is expected to lift rates by 25bps (at the least) to 0.50%. The Bank of Canada (BOC) meets on Wednesday this week and is expected to lift rates by...
Stock futures are steady ahead of first trading day of March, Russia-Ukraine conflict in focus
Traders on the floor of the NYSE, Feb. 24, 2022. Source: NYSE U.S. stock futures were steady in overnight trading on Monday before the first trading day of March as investors continue to monitor the fighting between Russia and Ukraine....